E-commerce platform Zebit beats prospectus forecast with strong quarterly results

Zebit’s unique e-commerce model has driven revenue growth and expanded the Company’s contribution margin – coming out significantly stronger than the prior year thanks to solid credit performance.

The Company’s reduction of its bad debt reserve and the active management of customer down payments and shopping limits based on expected credit risk are just some of the ways Zebit was able to achieve this, and manage bad debt risk while driving high revenue growth.

Zebit’s president and CEO Marc Schneider said he was extremely pleased with the Company’s performance.

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